FY2017 Earnings Estimate for Shopify Inc (US) Issued By DA Davidson (SHOP)

Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) – Equities research analysts at DA Davidson boosted their FY2017 EPS estimates for Shopify Inc (US) in a research note issued on Thursday. DA Davidson analyst T. Forte now expects that the software maker will post earnings per share of ($0.50) for the year, up from their prior estimate of ($0.51). DA Davidson currently has a “Neutral” rating and a $110.00 price objective on the stock. DA Davidson also issued estimates for Shopify Inc (US)’s Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.13) EPS, FY2019 earnings at $0.42 EPS, FY2020 earnings at $1.26 EPS and FY2021 earnings at $2.42 EPS.

A number of other equities research analysts have also weighed in on the company. Roth Capital restated a “buy” rating and set a $144.00 price target (up previously from $127.00) on shares of Shopify Inc (US) in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $140.00 price target (up previously from $120.00) on shares of Shopify Inc (US) in a research note on Monday. Vetr upgraded Shopify Inc (US) from a “buy” rating to a “strong-buy” rating and set a $140.24 price target on the stock in a research note on Monday, February 5th. National Bank Financial boosted their price target on Shopify Inc (US) from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Finally, Morgan Stanley boosted their price target on Shopify Inc (US) from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $109.24.

Shopify Inc (NYSE:SHOP) opened at $126.06 on Monday. Shopify Inc has a 52 week low of $54.30 and a 52 week high of $131.16. The stock has a market capitalization of $12,510.00 and a PE ratio of -257.27. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02.

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its holdings in Shopify Inc (US) by 26.6% in the second quarter. Advisory Services Network LLC now owns 1,420 shares of the software maker’s stock valued at $123,000 after acquiring an additional 298 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC lifted its holdings in Shopify Inc (US) by 6.4% in the fourth quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 8,030 shares of the software maker’s stock valued at $811,000 after acquiring an additional 485 shares during the period. Quinn Opportunity Partners LLC lifted its holdings in Shopify Inc (US) by 14.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 4,000 shares of the software maker’s stock valued at $404,000 after acquiring an additional 500 shares during the period. Meridian Wealth Management LLC lifted its holdings in Shopify Inc (US) by 18.5% in the third quarter. Meridian Wealth Management LLC now owns 3,477 shares of the software maker’s stock valued at $413,000 after acquiring an additional 544 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in Shopify Inc (US) by 7.1% in the third quarter. Cetera Advisors LLC now owns 9,260 shares of the software maker’s stock valued at $1,077,000 after acquiring an additional 610 shares during the period. 54.61% of the stock is owned by institutional investors.

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About Shopify Inc (US)

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

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